All Forum Posts by: Joshua Houchins

try  rtacabinetstore I don't always buy from there but there software is pretty good if you don't have a cad program.

But design looks good.  As long as you have your power triangle in the kitchen you will be fine!

Walls are flawless and saves tons of time and money.

here is an example but for a flip to save cabinets and bondo on wall paper

Before

After

also don't put hardware on the cabinets that style has pulls already made into the doors and drawers.

@Joe Conklin a lot of good tips and a lot of bad tips here.  Cabinet doors for these cabinets and drawers is expensive if you go that route replace them with cabinets from a discount center..... But the best way to do this is use an auto body paint about 140 a gal spray them with the color of choice( don't paint rental property cabinets white!) fast easy way for rental don't dump a bunch of money in that you are not going to get back!  Also to comment of removing the wall paper in a rental buy some bondo from lowes apply it to the wall like drywall mud only on the seams sand and paint the wall with an oil based primer then paint.

Under 500 dollar room update for a rental.  Keep it simple and always remember it is a rental and how fast will I get my cash back that I put in.  Good luck to you.

@LaToya Anderson 

There lender should supply them with a pof letter just like a standard lender would.  You submit the offer as you would a standard offer for a home buyer.

There is also a chance that the bank may not find the deal just like the hard money lender might back out.  There could be issues with the appraisal or the buyers might not have the required down payment or additional capital to fully fund the deal.

I can tell you this it is a crap shoot.  If the hml is large or out of state it is very likely they will end up pulling out of the deal. I only have luck with local or regional guys. I have also flipped several hundred homes. I do know a few guys recently who have got funding but not many!

Hope this helps. Good luck

mobile homes are cash cows if you buy them right. Don't over spend your cash on cash return will be nice if you buy cheap a. Keep repair cost cheap.  Also look into land that you could move it to that would have space for other units that you could by or rent the lots.

@Jeff G. Being a developer myself the most import thing you can do to be an actual wholesaler make sure your numbers are good and correct!  I have lots of people contact me with terrible deals arv is important very!

But to your questions make sure you put together a scope of work and make sure all contractors are comparing apples to apples.  I would start of with Google, drive around areas where work is being done talk to the contractors onsite.  

Me personally I would just rather know what needs to be done. By doing a high volume of properties I get a better price on items so a contractor giving a bid will always be a lot higher than what I could get it done for.   

I feel that getting the whole price with a margin for yourself and a good spread on an accurate arv is the most important thing I look for in a wholesaler. 

Good luck to you.

@Charles Williams the main question is do you any debt on these properties? If the answer is no you just need to form another llc and place a mortgage DOT on the property for slightly higher than what it is worth. Ie you get sued they look into your asserts of the company there is no equity to take. I would use an llc like 1st American mortgage etc etc have you attorney actually be your registered agent.

Second if you do have debt on the homes, having multi able llc 's does not stop someone from filing claims against all of your llc's does not mean they will win but as stated above they can "perce the corporate vail" come after you personally or all entities if they are not run exactly by the operating agreement.  With that said at one point I had a lot of llc's s-corps etc.  basically you need a holding company and an operating company. Properties deeded to the holding company and operating handles day to day affairs.

@Account Closed I am actually not selling anything at this point I am about 1 year away from production of material to sell but it is basically how I flip a bunch of homes, set up the deal, break it down, spec it out, market the home, pretty much everything you need to know to do a lot of flips at one time or just one at a time.  I basically walk people with or without experience through the process.